Numetal ready to buy out Rewant Ruia; claims their bid for Essar ...Thu, 15 Mar 2018 00:00:00 GMT
Numetal and ArcelorMittal are the only two bidders for the 10-million tonne Essar Steel assets at Hazira, which owe the banks more than Rs 45,000 crore.
Made strong bid for Essar Steel: Lakshmi MittalThu, 15 Mar 2018 00:00:00 GMT
We see opportunity in Essar, that is why we put in our bid, the company's chairman and CEO said in an interaction with TOI.
Essar Steel bids: Government wont intervene, seeks quick fixThu, 15 Mar 2018 00:00:00 GMT
Bids by ArcelorMittal and Numetal Mauritius have raised red flags over eligibility but the government feels that the matter can be decided in favour of one of the entities.
Trumps Broadcom block sends ripples across corporate AmericaWed, 14 Mar 2018 16:05:00 GMT
Dealmakers warned that the move to bar Broadcom from pursuing a hostile takeover of rival chipmaker Qualcomm which comes just days after Mr Trump invoked a cold war-era national security statute to justify tariffs on steel and aluminium would send ...
US steel tariff irrelevant to CSN sales, Brazilian mill saysWed, 14 Mar 2018 12:37:00 GMT
The 25% import tariffs on steel products imposed by the United States government will have a minimal effect on exports by steelmaker CSN but could disturb the domestic market in Brazil, the flat steel producer said on Wednesday March 14. The company ...
US steel tariffs split business between delight and outrageWed, 14 Mar 2018 04:51:00 GMT
Yet while the president exempted neighbours Canada and Mexico, which together accounted for a quarter of US steel imports in 2017, the countries likely to suffer most are allies such as the EU, Brazil, South Korea and Japan. President Trumps initiative ...
India should be wary of taking lessons from Trumpian style of ...Wed, 14 Mar 2018 00:00:00 GMT
Steel magnate Sajjan Jindal who chairs JSW Steel has reponded by asking the Indian government to replicate US in the imposition of tariffs to protect its own steel producers.
New Tata Steel UK pension scheme to be set up after meeting minimum ...Wed, 14 Mar 2018 00:00:00 GMT
By Maytaal Angel LONDON Reuters - A new pension fund backed by Tata Steel UK, a unit of India's Tata Steel, will be set up after meeting minimum size and funding criteria, paving the way for...
Russia: Raspadskaya puts new long face into operationTue, 13 Mar 2018 10:55:42 GMT
The Uskovskaya mine of Raspadskaya Coal Company has put into operation a new long face. Its reserves total 1.7 million tons of coking coal. The monthly output is planned at the level of 250-270 thousand tons. (Ukrainian metal)
Iranian steelmakers see big boost in exportsTue, 13 Mar 2018 08:02:00 GMT
... year (to March 20), the country's major steel producers exported 5.38 million mt of steel products, 29% up on the year, as previously reported by Imidro. Details regarding export destinations for producers other than KSC were not immediately available.
Anglo Americans Ruptured Pipeline Is 2nd Mine Incident in Brazil ...Tue, 13 Mar 2018 07:35:00 GMT
Anglo American Plcs Brazilian iron-ore mine suffered operational delays after a pipeline ... In November 2015, a rupture at Samarco Mineracao SAs tailings dam sent billions of gallons of sludge into a river valley. The spill killed as many as 19 ...
Anglo American says no-one harmed in rupture at Minas RioTue, 13 Mar 2018 02:19:00 GMT
In November 2015, a rupture at the tailings plant at Samarco Mineracao SAs killed as many as 19 people and devastated the region. The operation is jointly owned by BHP and Vale, Brazils state-owned iron ore and coal company. Anglo American recently ...
Vale Deleveraging Rapidly While Capex Lifted On Cyclical PressuresMon, 12 Mar 2018 22:18:00 GMT
Vale is a global miner of iron ore and pellets. It also produces raw materials ... Mineracao Rio do Norte ($108 million) and Companhia Siderurgica do Pecem ($398 million). Reducing other cash outflows such as Samarco payments, REFIS (potential for ...
Egypt court drops case against Mr Ahmed Ezz - ReportMon, 12 Mar 2018 22:10:00 GMT
Reuters - reported that an Egyptian court dropped a years long case and lifted a travel ban against steel tycoon Ahmed Ezz, who was sentenced to 37 years in prison in 2013 for profiteering and squandering public funds. Judicial sources said that Mr Ezz paid ...
Investor alarm over Grange Resources' plan to diversify into ...Mon, 12 Mar 2018 22:10:00 GMT
Ironically, Savage River's iron ore has rarely been in more demand; the pellets and concentrate produced by the mine have been in short supply globally since BHP's Samarco operation was disrupted by a dam failure in 2015. The 65 per cent iron content in ...
Nucor to Build New Florida Steel Mill as Domestic Producers Study ...Mon, 12 Mar 2018 17:34:38 GMT
Nucor Corp. said Monday it will build a $240 million rebar mill in Florida, the latest investment from the steelmaker in a bid to capitalize on a rising market for the metal.
Russias Tyazpromexport plans to raise Hazira capacityMon, 12 Mar 2018 00:00:00 GMT
While Arcelor has indicated an expansion of Essar unit to 18 million tonnes, a source close to TPE said it is also looking at similar capacity hike at Hazira.
Trump Trade War - Egypt may lose USD 178 millionSun, 11 Mar 2018 21:36:00 GMT
Sputnik reported that new US tariffs on steel imports could cost Egypt $178 million in lost profits. Sources told the local El Watan newspaper that Two Egyptian companies Ezz Steel and Kandil Steel export roughly 173,000 tonnes of steel products to the ...
As Nucor (NUE) Market Valuation Declined, Holder Bridgewater...Sun, 11 Mar 2018 20:51:42 GMT
As Nucor Market Valuation Declined, Holder Bridgewater Associates LP Trimmed Its Stake; Prologis Shareholder Presima Has Lowered Its Position by $3.90 Million Presima Inc decreased its stake in Prologis Inc by 4.5% based on its latest 2017Q3 regulatory filing with the SEC. Presima Inc sold 61,900 shares as the company's stock rose 10.06% with the market.
How new tariffs on steel and aluminum could affect auto pricesSun, 11 Mar 2018 03:04:00 GMT
Baoshan Iron & Steel was down around 3 percent, while Hesteel and Beijing Shougang were down less than 1 percent. Brazil, the second-largest exporter of steel to the USA, is also the largest importer of US metallurgical-grade coal to fuel the steelmaking ...
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